Pipe Manufacturing Solutions Ltd
Registered name: PIPE MANUFACTURING SOLUTIONS LTD
Part of Hdm Celik Boru San. Tic. A.S. groupPipe Manufacturing Solutions Ltd made £9.1m revenue and £158k profit in the year to 31 Dec 2025.
Pipe Manufacturing Solutions Ltd’s revenue grew 1% to £9.1m in the year to 31 Dec 2025, with £158k profit and 25 employees. The company is classified under “manufacture of tubes, pipes, hollow profiles and related fittings, of steel” and is based in Ffordd Pengam; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Ffordd Pengam, Wales
- Age
- 6 yrs · since 2019
- Type
- Private Limited Company
Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|---|---|
| Disclosure | No P&L | No P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | — | — | £9.1m | £9.1m |
| Cost of sales | — | — | £7.6m | £8.1m |
| Gross profit | — | — | £1.4m | £996k |
| Operating profit | — | — | £791k | −£64.2k |
| Profit before tax | — | — | £826k | £184k |
| Profit after tax | — | — | £569k | £158k |
| Profit (best available) | — | — | £569k | £158k |
| Staff costs | — | — | £255k | £1.2m |
| Employees (average) | 38 | 29 | 22 | 25 |
| Ratios | ||||
| Profit margin | — | — | 6.3% | 1.7% |
| Gross margin | — | — | 15.8% | 10.9% |
| Revenue per employee | — | — | £412k | £365k |
| Profit per employee | — | — | £25.9k | £6.3k |
| Cash conversion | — | — | −218.7% | — |
| Growth (year on year) | ||||
| Revenue growth | — | — | — | ▲0.6% |
| Profit growth | — | — | — | ▼72.2% |
| Headcount growth | — | ▼23.7% | ▼24.1% | ▲13.6% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £170k | £36.5k | £201k | £894k |
| Net assets | £8.9m | £8.8m | £9.3m | £9.4m |
| Fixed assets | £1.5m | £4.9m | £6.7m | £4.3m |
| Current assets | £15.7m | £4.7m | £4.5m | £11.7m |
| Debtors | £5.6m | £2.8m | £1.3m | £4.6m |
| Cash from operations | — | — | −£1.7m | £1.3m |
| Source | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Sep 2025 | FullAccounts · bulk data Sep 2026 |
How the business works
- Profit margin
- 1.7%
- Profit ÷ revenue.
- Gross margin
- 10.9%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £365k
- Revenue ÷ average employees.
- Profit per employee
- £6.3k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 47%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 50.5%
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- ▲2%
- Now £9.4m
- Cash at bank
- ▲345%
- Now £894k
- Headcount
- ▲14%
- Now 25
- Deferred income
- —
- Now —
- Fixed assets
- ▼36%
- Now £4.3m
Group structure
Ownership chain
- Hdm Celik Boru San. Tic. A.S. (registered outside the UK register)ultimate parent75–100%
- Pipe Manufacturing Solutions Ltdthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- HDM Renewable Energy LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from FullAccounts for the year to 31 Dec 2025 (profit £158k), from the Companies House accounts bulk data published Sep 2026. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.